Key Investment Insights
AI generated. Confirm details with the seller.
1. The business is a motel located in Dubbo, a vibrant inland city known for its famous Western Plains Zoo.
2. The city is a commercial, industrial, and administrative hub of the Central West and is one of Australia's fastest-growing inland cities.
3. The vendors are selling due to their divorce settlement and are extremely motivated to sell.
4. The motel has 23 units, all with kitchens, and all bathrooms have been fully renovated.
5. The projected profit for 2019/20 is $295,000 after rent.
6. The rent is low at only 34% of the total projected profit, at $153,762.
7. The lease has 25 years remaining (from 22/3/19).
8. The motel has a 9kw solar system, which helps to save on power costs.
9. It is located directly opposite a lovely park that runs down to the Macquarie River.
10. The motel has a strong occupancy rate of 76% in the first half of 2019/20, with tariffs ranging from $115 to $350.
11. There are 25 sealed parking spaces, including 8 undercover.
12. The total turnover for 2018/19 was $648,033, and for the first half of 2019/20, it was $363,322.
ROI Estimate: 32.96%
